#credit-history

#credit-history

When buying a home, lenders almost always check your credit history to assess how likely you are to repay the loan. But what if you don't have a credit history at all? Maybe you've never used credit cards, taken out a loan, or your credit profile is too thin to generate a score. If you're asking, "Can you get a mortgage with no credit history?" the answer is yes—though it's more challenging, and you'll need to show lenders your financial responsibility in other ways.

I figured my work ethic and expertise would carry the day. And for a while, they did. But what no one tells you - what I learned the hard way - is that you can be doing everything right, and still be broke.

Downgrading a credit card can help save on fees while preserving credit history, but it's essential to check with the issuer for specific policies.